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Contract To Sell (Real Estate)
"I need a Contract to Sell (Real Estate) for a luxury residential property in The Pearl-Qatar, with a foreign buyer from the UK, including provisions for staged payments and completion scheduled for March 2025."
1. Parties: Identification of the seller and buyer, including full legal names, addresses, and Qatar ID/CR numbers
2. Background: Context of the transaction, including brief property description and seller's ownership confirmation
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.
4. Property Details: Comprehensive description of the property including location, size, boundaries, and registration details
5. Purchase Price: Specified amount and currency of the purchase price
6. Payment Terms: Schedule of payments, including deposit, installments, and final payment details
7. Completion: Process and requirements for completing the sale, including documentation and registration
8. Seller's Obligations: Commitments of the seller including property transfer, documentation, and warranties
9. Buyer's Obligations: Commitments of the buyer including payment, due diligence, and registration requirements
10. Property Condition: Statement of property condition and any agreed repairs or modifications
11. Title and Ownership: Warranties regarding clear title and process of ownership transfer
12. Registration: Requirements and process for registering the sale with relevant authorities
13. Termination: Circumstances and process for contract termination
14. Governing Law: Confirmation of Qatar law application and jurisdiction
15. Notices: Process for formal communications between parties
16. General Provisions: Standard contract clauses including amendments, severability, and entire agreement
1. Broker Provisions: Include when real estate brokers are involved in the transaction
2. Mortgage Contingency: Include when purchase is contingent on buyer obtaining financing
3. Foreign Ownership Compliance: Include when buyer is non-Qatari, addressing compliance with foreign ownership laws
4. Property Management: Include when dealing with property in managed developments or compounds
5. Existing Tenancies: Include when property is sold with existing tenants
6. Development Obligations: Include for off-plan properties or properties under development
7. Furniture and Fixtures: Include when sale includes specific furniture or fixtures
8. Due Diligence Period: Include when buyer requires specific period for property inspection and verification
1. Property Description Schedule: Detailed technical description of property, including plans and measurements
2. Title Documents: Copies of ownership documents and property registration
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Property Inventory: List of included furniture, fixtures, and equipment if applicable
5. Completion Requirements: Checklist of documents and requirements for completion
6. Property Inspection Report: Results of property inspection and condition assessment
7. Existing Tenancy Details: Details of any existing lease agreements if applicable
8. Required Permits: Copies of relevant permits and certificates
Authors
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Investment
Property Management
Hospitality
Retail
Commercial Property
Legal
Real Estate
Compliance
Property Management
Sales
Business Development
Risk Management
Corporate Affairs
Operations
Investment
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Manager
Investment Manager
Real Estate Agent
Contract Manager
Corporate Lawyer
Property Consultant
Development Director
Sales Manager
Legal Director
Risk Manager
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